Display Monitor Global Market Report 2024

The display monitor market size has grown steadily in recent years. It will grow from $150.2 billion in 2023 to $156.94 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth experienced in the historic period can be traced back to several factors, including changes in consumer preferences favoring larger screens, advancements in energy efficiency, a desire for more immersive gaming experiences, enhancements in color accuracy and contrast ratios, the inclusion of ergonomic features to enhance user comfort, and the widespread consumption of multimedia content across various devices.

The display monitor market size is expected to see steady growth in the next few years. It will grow to $188.01 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. Forecast period growth can be attributed to a growing demand for applications in healthcare and medical imaging, integration into smart home systems, the emergence of augmented and virtual reality technologies, price reductions, and improved accessibility. Anticipated trends during this period encompass a heightened interest in eco-friendly and energy-efficient models equipped with advanced features, an increasing adoption of curved and ultra-wide screens, a transition towards higher resolutions, a rise in demand for portable and foldable displays, and the incorporation of AI-driven functionalities.

The surge in demand for remote work and learning is expected to drive the growth of the display monitor market in the foreseeable future. Remote work and learning entail completing work and educational tasks from locations outside traditional offices and classrooms, often utilizing online tools and the Internet. This trend has gained momentum due to the widespread availability of high-speed internet and the flexibility it offers. Display monitors play a crucial role in facilitating productivity and engagement in remote work and learning scenarios by providing larger, clearer screens for multitasking, video conferencing, and viewing detailed visual content. For example, in April 2023, the US Bureau of Labor Statistics reported a significant increase in teleworking, highlighting the growing adoption of remote work practices. Similarly, Eurostat noted a rise in online learning activities among adults, indicating the increasing demand for remote learning opportunities. Consequently, the growing demand for remote work and learning is fueling the expansion of the display monitor market.

Key players in the display monitor market are prioritizing technological innovation, particularly in gaming monitors, to enhance gaming experiences and immersion. Gaming monitors are specialized displays equipped with features such as high refresh rates, fast response times, and technologies to minimize screen tearing and lag, delivering smoother and more engaging gameplay. For instance, in August 2023, Samsung Electronics introduced the Odyssey Neo G9 57-inch gaming monitor, featuring an ultra-wide screen equivalent to two 4K monitors side by side, with a VA-type LCD panel, a resolution of 7680 x 2160, and a 1000R curvature, offering a unique gaming experience unparalleled by other aspect ratios.

In June 2021, HP Inc. acquired HyperX for $425 million, aiming to bolster growth in its Personal Systems business, particularly in gaming and peripherals. This strategic move enhances HP's capabilities in developing innovative computing experiences, expanding into new markets, and exploring new growth opportunities. HyperX, a gaming division of Kingston Technology Corporation, specializes in gaming monitor displays, complementing HP's portfolio and strengthening its position in the gaming market.

Major companies operating in the display monitor market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd, Smart Infovision.

Asia-Pacific was the largest region in the display monitor market in 2023. The regions covered in the display monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the display monitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A display monitor serves as an electronic tool to visually convey data, images, and video from a computer or other input sources. Typically featuring flat-panel display technology, it is employed across diverse environments, including desktops, laptops, and gaming systems, facilitating user interaction with digital content.

Display monitors primarily utilize technologies such as liquid crystal display (LCD), organic light-emitting diode (OLED), micro-light-emitting diode (LED), direct-view light-emitting diode (LED), active matrix organic light-emitting diode (AMOLED), among others. LCD technology operates through liquid crystals positioned between two layers of glass or plastic. Panel sizes for display monitors vary, falling into categories below 22.9 inches, 23-26.9 inches, 27-41.9 inches, and above 42 inches, with color display options including both colored and monochrome. These monitors find applications in numerous sectors, including consumer electronics, automotive, sports and entertainment, transportation, retail, hospitality, banking, financial services, and insurance (BFSI), industrial and enterprise, education, among others. They cater to a wide array of end-users, encompassing residential consumers, small and medium enterprises, and large enterprises.

The display monitor market research report is one of a series of new reports that provides display monitor market statistics, including display monitor industry global market size, regional shares, competitors with a display monitor market share, detailed display monitor market segments, market trends and opportunities, and any further data you may need to thrive in the display monitor industry. This display monitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The display monitor market consists of sales of hybrid computers, touchscreen functionality panels, light-emitting diode (LED) backlit monitors, and support structure stands. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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